2-bedroom flat · WV4 6BT
Listing removedListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bright and spacious 2 bedroom flat for sale with no upward chain, the property has a brand new central heating system, redecorated and with new floorings, the property comprises- Security Intercom entrance door, stairs to 3rd floor, composite entrance door, entrance hallway, 2 good size bedrooms, spacious lounge, modern shower room, modern kitchen, double glazing, storage to the ground floor and communal garden area to the rear.
Council Tax Band: A Tenure: Leasehold (100 years) Ground Rent: £10 per year Service Charge: £676.77 per year Lease Term 125 years from 03/07/2000 Lease end date 03/07/2125 Service charge covers Building Insurance, Management fee for managing lease 3, electricity costs for communal lighting, annual charge for cleaning of communal windows, grounds maintenance, caretaking - duties associated with the communal arears of the block, communal/digital television aerials, door entry to communal area.
Access Pathway leading to Security Intercom entrance door, stairs leading to 3rd floor.
Entrance hall Composite entrance door, doors leading to bedrooms 1, 2, lounge, shower room and kitchen, loft access, double radiator.
Lounge 4.14m x 4.21m Double glazed front and side facing windows, double radiator.
Kitchen 2.3m x 3.67m Range of wall and base units, worksurface, sink and drainer with mixer tap, double glazed rear facing window, door to cupboard housing the boiler, tiled to splash areas, plumbing for a washing machine, vinyl flooring.
Bedroom 1 2.69m x 5.12m 2 Double glazed rear facing windows, double radiator. Bedroom 2 3.65m x 373.0m Double glazed front facing window, double radiator.
Shower room Walk in shower cubicle and electric shower, low flush wc, sink and vanity unit with mixer tap, double glazed rear facing window, floor to ceiling tiling.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Needwood Drive, Wolverhampton
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